Mar 16, 2013 11:00am PDT
the cars. >> paul: each consumer gets a tax credit that's $7500 if i go out and buy an electric car. the government's actually paying me something to buy this, also subsidizing the producers of those cars with subsidies. is that a good deal for taxpayers? >> no, fundamentally, you're paying $7500 or more for a benefit that's environmentally worth about $44. not a good deal. >> paul: that's not a good deal. if you really care about climate change and want to have an impact, what should you drive? does it matter? >> you should definitely drive a smaller car and focused on do i really need-- should i take public transport? what you need to recognize this is not about you or me or anyone else in particular what we're trying it do. it's about how we organize our societies and how do we get the chinese to drive in the next 20, 40 years and that's about technology. so i'm all for an electric car in the long run, but it's an electric car that's going to be much cheaper, much more efficient, we need much better batteries. so by all means let's focus on research on batteries, but please, let'